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Solutions

Tools to Broaden your Reach

Alternative Data Prescreens

Navigate the underserved market and target the most profitable emerging consumers

There are 113 million U.S. consumers with FICO® credit scores under 700. These people should be recognized as CreditClimbers™— consumers determined to improve credit scores to reach a certain lifestyle and access more credit options. Many of these consumers are creditworthy, but because of credit experience, they lack adequate profiles with the Big 3 bureaus. While some lenders attempt to reach these consumers by using an invitation to apply (ITAs), they find this to be an expensive, and relatively ineffective method when compared to prescreen.

FactorTrust has the data, with over 20M consumer records in our database, and analytical expertise to help you navigate the CreditClimber market and target the most profitable emerging consumers to acquire for your business.

Maximize prescreen marketing strategy

  • Our alternative credit data can help you segment and qualify our database of consumers to:
  • Reach a new target market by identifying and select geographic, demographic and risk criteria
  • Increase response and activation rates to stay competitive
  • Maximize campaign performance to boost revenues and profitability
  • Control costs by marketing only to those consumers who meet your unique credit criteria

Intuitive and FCRA-Compliant Solution

Order and receive prescreened names that comply with industry established standards, such as: Fair Credit Reporting Act (FCRA), USA PATRIOT Act, Office of Foreign Asset Control (OFAC), Military Lending Act (MLA), and Graham-Leach-Bliley Act (GLBA).

Configurable solution to meet your business needs

Credit Prescreen A list of credit qualified consumers that matches your customized credit criteria extracted from ApproveData’s consumer files. Each name mailed must receive a firm offer of credit.

Suppression File Screening An exceptionally powerful risk tool, our suppression files are screened against other bureau prescreen files (at your mail shop) to eliminate hidden risk files from those bureau lists prior to mailing.

Credit Data Attributes Request database attributes to be returned in addition to a prescreen list for internal analysis.

Credit Scores Request scores to be returned with a prescreen list for internal analysis model or development.

Post Screen Verify that a consumer who has responded to a firm offer of credit remains compliant with the original criteria.

Lender Suppressions Suppress your own customer names from the prescreen process. Standard options include: prior prescreens, existing customers and uploaded files.

ApproveData’s services allows you to target your prospects based on:

  • Customized criteria
  • Risk custom or other scores
  • Geographic selects

Access millions of underserved consumers available only through ApproveData and market to those normally outside the scope of the Big 3 bureaus.

IF YOU ARE A LENDER LOOKING TO TARGET CONSUMERS LIKELY TO RESPOND TO YOUR PRESCREEN OFFERS, CALL 855-871-2288. BE SURE TO INQUIRE ABOUT APPROVEDATA RISK SCORE REPORT AT NO COST OR OBLIGATION.

If you would like to learn more please submit the form below!